was down 6.5% in midafternoon after touching a new low of $26.94, depressing other telecom stocks.
Salomon Smith Barney
downgraded Ma Bell to outperform from buy and sliced its price target to $37 from $65. The
index was down 2.9%.
were also trading near their 52-week lows. Equipment makers were down as well.
was down 0.5%, and
was down 4.9%.